REGISTERED COMPANY NUMBER: 11321698 (England and Wales) REGISTERED CHARITY NUMBER: 1189927
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021 for Cambrian Village Trust Limited
Curtis Bowden & Thomas Limited Chartered Certified Accountants 101 Dunraven Street Tonypandy CF40 1AR
Cambrian Village Trust Limited
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement of Financial Activities | 11 |
Cambrian Village Trust Limited
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and administrative details
Registered Company number
11321698 (England and Wales)
Registered Charity number
1189927
Registered office
Cambrian Lakeside Buildings Countryside Clydach Vale Tonypandy CF40 2XX
Trustees M A Norris J Williams S Jones M C Davies J W Hughes Ms K Roberts K Jenkins G Davies M J S Wilson
Independent Examiner Mr Stephen John Smith FCCA Curtis Bowden & Thomas Limited Chartered Certified Accountants 101 Dunraven Street Tonypandy CF40 1AR
Approved by order of the board of trustees on 21 May 2021 and signed on its behalf by:
M A Norris - Trustee
Page 1
Independent Examiner's Report to the Trustees of Cambrian Village Trust Limited
Independent examiner's report to the trustees of Cambrian Village Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Stephen John Smith FCCA Curtis Bowden & Thomas Limited Chartered Certified Accountants 101 Dunraven Street Tonypandy CF40 1AR
21 May 2021
Page 2
Cambrian Village Trust Limited
Statement of Financial Activities
for the Year Ended 31 March 2021
| 31.3.21 Unrestricted fund Notes £ Income and endowments from Charitable activities Cambrian Healthy Living 40,028 Schools Project 2,000 Welsh Government Resilience Grant 17,500 Moondance Foundation 46,600 CFAP Funding 11,616 Pitch hire 1 Total 117,745 Expenditure on Charitable activities Charitable activities 28,610 Other - Total 28,610 NET INCOME 89,135 Reconciliation of funds Total funds brought forward 789 Total funds carried forward 89,924 |
31.3.20 Total funds £ 68,462 10,858 - - - 23,080 102,400 79,331 5 79,336 23,064 (22,275) 789 |
|---|---|
The notes form part of these financial statements
Page 3
Cambrian Village Trust Limited
Balance Sheet
31 March 2021
| 31.3.21 Unrestricted fund Notes £ Fixed assets Tangible assets 5 577 Current assets Debtors 6 - Cash at bank 131,913 131,913 Creditors Amounts falling due within one year 7 (17,566) Net current assets 114,347 Total assets less current liabilities 114,924 Creditors Amounts falling due after more than one year 8 (25,000) NET ASSETS/(LIABILITIES) 89,924 Funds 10 Unrestricted funds 89,924 Total funds 89,924 |
31.3.20 Total funds £ 769 17,250 4,749 21,999 (21,979) 20 789 - 789 789 789 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Cambrian Village Trust Limited
Balance Sheet - continued 31 March 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 21 May 2021 and were signed on its behalf by:
M A Norris - Trustee
The notes form part of these financial statements
Page 5
Cambrian Village Trust Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.21 | 31.3.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 192 | 256 |
Page 6
continued...
Cambrian Village Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
3. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
4. Comparatives for the statement of financial activities
| Comparatives for the statement of financial activities | |
|---|---|
| Unrestricted | |
| fund | |
| £ | |
| Income and endowments from | |
| Charitable activities | |
| Cambrian Healthy Living | 68,462 |
| Schools Project | 10,858 |
| Pitch hire | 23,080 |
| Total | 102,400 |
| Expenditure on | |
| Charitable activities | |
| Charitable activities | 79,331 |
| Other | 5 |
| Total | 79,336 |
| NET INCOME | 23,064 |
| Reconciliation of funds | |
| Total funds brought forward | (22,275) |
| Total funds carried forward | 789 |
continued...
Page 7
Cambrian Village Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
| 5. | Tangible fixed assets | |||
|---|---|---|---|---|
| Plant and | Computer | |||
| machinery | equipment | Totals | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2020 and 31 March 2021 | 500 | 699 | 1,199 | |
| Depreciation | ||||
| At 1 April 2020 | 179 | 251 | 430 | |
| Charge for year | 80 | 112 | 192 | |
| At 31 March 2021 | 259 | 363 | 622 | |
| Net book value | ||||
| At 31 March 2021 | 241 | 336 | 577 | |
| At 31 March 2020 | 321 | 448 | 769 | |
| 6. | Debtors: amounts falling due within one year | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Trade debtors | - | 17,250 | ||
| 7. | Creditors: amounts falling due within one year | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Tax | - | 5 | ||
| Owed to Cambrian Village Trust | 15,466 | 20,174 | ||
| Accrued expenses | 2,100 | 1,800 | ||
| 17,566 | 21,979 | |||
| 8. | Creditors: amounts falling due after more than one year | |||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Bank loans (see note 9) | 25,000 | - | ||
| 9. | Loans | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.3.21 | 31.3.20 | |||
| £ | £ | |||
| Amounts falling due in more than five years: | ||||
| Repayable by instalments: | ||||
| Bounce Back Loan | 25,000 | - |
continued...
Page 8
Cambrian Village Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
10. Movement in funds
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.4.20 £ 789 789 Incoming resources £ 117,745 117,745 |
Net movement At in funds 31.3.21 £ £ 89,135 89,924 89,135 89,924 Resources Movement expended in funds £ £ (28,610) 89,135 (28,610) 89,135 |
|---|---|---|
Comparatives for movement in funds
| At 1.4.19 £ Unrestricted funds General fund (22,275) TOTAL FUNDS (22,275) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 102,400 TOTAL FUNDS 102,400 |
Net movement At in funds 31.3.20 £ £ 23,064 789 23,064 789 Resources Movement expended in funds £ £ (79,336) 23,064 (79,336) 23,064 |
|---|---|
continued...
Page 9
Cambrian Village Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
10. Movement in funds - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.19 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (22,275) | 112,199 | 89,924 |
| TOTAL FUNDS | (22,275) | 112,199 | 89,924 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 220,145 220,145 |
Resources Movement expended in funds £ £ (107,946) 112,199 (107,946) 112,199 |
Resources Movement expended in funds £ £ (107,946) 112,199 (107,946) 112,199 |
|---|---|---|---|
| 112,199 |
11. Related party disclosures
There were no related party transactions for the year ended 31 March 2021.
Page 10
Cambrian Village Trust Limited
| Income and endowments Charitable activities Cambrian Lakeside Healthy Living Schools Project Grants Pitch hire Total incoming resources Expenditure Charitable activities Coaching pay Rent Advertising Repairs to property Computer consumables Motor expenses Accountancy Sports kit and equipment Training costs Donations Depreciation Other Tax Total resources expended Net income |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 31.3.21 31.3.20 £ £ 40,028 68,462 2,000 10,858 75,716 - 1 23,080 117,745 102,400 117,745 102,400 - 76,713 - 60 - 253 17,612 - 906 14 - 43 2,400 1,800 - 102 - 90 7,500 - 192 256 28,610 79,331 - 5 28,610 79,336 89,135 23,064 |
Detailed Statement of Financial Activities for the Year Ended 31 March 2021 31.3.21 31.3.20 £ £ 40,028 68,462 2,000 10,858 75,716 - 1 23,080 117,745 102,400 117,745 102,400 - 76,713 - 60 - 253 17,612 - 906 14 - 43 2,400 1,800 - 102 - 90 7,500 - 192 256 28,610 79,331 - 5 28,610 79,336 89,135 23,064 |
|---|---|---|
| 102,400 | ||
| 102,400 76,713 60 253 - 14 43 1,800 102 90 - 256 |
||
| 79,331 5 |
||
| 79,336 | ||
| 23,064 |
This page does not form part of the statutory financial statements
Page 11